If you sold your RV today would you need to come up with money to pay off the loan?

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If you were to sell your RV today, would it be worth more than you could sell it for? Or do you owe more on your loan than the RV is currently worth? 

Curious minds want to know.

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DarrelGlennRV StaffMike SokolMark Birnbaum Recent comment authors

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S M Jenkins
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S M Jenkins

Whoever types the poll responses should proof read the wording and spelling.

Mark Birnbaum
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Mark Birnbaum

There are three kinds of lies: lies, damned lies, and statistics.

Twain should have modified.
There are four kinds of lies: lies of delusion, outright lies, damned lies, and statistics.

Those who said they’d sell for more than owed, or break even are dreamers or liars. The only way that works if they put down at least 50% at purchase; the people with loans rarely do that. Hence, the statistics will be flawed.

Darrel
Guest
Darrel

You are thinking only of those who bought new rigs. Many of us buy pre-owned high end rigs, where the worst of depreciation was paid by previous owners.

Mike Sokol
Editor

In defense of the spelling and wording errors on poll responses, I don’t think any of you have editing rights on what you write yourself. As a writer and editor on this wordpress site, I have full editing rights via my login, which gives me the option of re-reading what I just wrote and correcting any errors. Sometimes when I look at what I wrote 5 minutes earlier I feel like an idiot and quickly fix the errors. That’s also why I thank the magazine and book editors everywhere. They’re the unsung heroes who make us writers look good. Of… Read more »

RV Staff
Admin

Thanks, Mike. I think he/she was talking about the response options in the poll itself. If I don’t see the poll in the newsletter sometimes I forget to go in and proof them. I’ve just corrected what he/she was referring to. My bad! (I hate that term!) —Diane at RVtravel.com

Mike Sokol
Editor

So this was a grammar mistake by our own editing team? For shame!!! Of course Diane knows my own writing mistakes. Just like the commercial “Only your hairdresser knows for sure,” only an editor knows for sure about a writer’s weaknesses. Thanks for making me look good, Diane. (And feel free to edit this response for mistakes.)

RV Staff
Admin

Thanks, Mike. The “grammar mistake” wasn’t by the editing team — it was by the writer. 😯 The editing team just forgot to proof the poll! 🙁 —Diane at RVtravel.com

Kurt Shoemaker Sr
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Kurt Shoemaker Sr

If you are crossing the Delaware Memorial Bridge from New Jersey to Delaware with the intention of heading south on I-95 be prepared for the following: As you pass thru the toll plaza there are two lanes, on the left side of the highway, that will dump you onto I-95 South. The problem is there are 5 lanes merging into those two lanes. The next problem, the two lanes run through a roadway construction project and concrete barriers are lined along each side of the two lanes. It is very tight through that stretch of roadway and the speed limit… Read more »

Glenn
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Glenn

Just made that trip last week. Jersey barriers inches to the right and tractor trailer inches to the left. Just another trip. Wife was a bit nervous though. Lol